HomeNewsMulti-sportUnited Kingdom

Altice moves for stake in BT

French telco Altice has acquired a 12.1-per-cent stake in UK counterpart BT, but has maintained this will not lead to a takeover offer.

A new subsidiary, Altice UK, has been established and will be wholly owned by Altice president Patrick Drahi for the purpose of holding the shares in BT.

You need to have a subscription to access this content

If you would like more information on our Media product please contact our sales team

Already have an account? Sign in here

Related News

Multi-sport
Germany

Sky, one of Europe’s leading pay-television sports broadcasters, has agreed to sell its 20-per-cent stake in the online betting and gaming business, Sky Betting & Gaming, to the Stars Group, a Canadian company that specialises in online gaming.

Multi-sport
United Kingdom

UK and Ireland pay-television broadcaster Premier Sports has acquired a 10-per-cent stake in the parent company of social media publisher JOE Media Group, with the two parties set to share sports content
Multi-sport
Global

SportsTribal TV, a free, ad-supported sports streaming service that will use Red Bee Media’s OTT platform, is to launch later this year.
Multi-sport
United Kingdom

Rona Fairhead, the chair of the BBC Trust, has said it is likely that the UK public-service broadcaster will introduce further cutbacks on its sports coverage in order to save costs.